This checklist is intended to be a useful informative tool to help the buyer company identify potential issues and liabilities associated with the target company’s benefit plans so that those issues and liabilities can be effectively managed, minimized or eliminated. However, each acquisition is unique and will require an individualized assessment. This checklist is a starting point and guide in conducting such an assessment.
This issue-spotting checklist is designed to aid with identifying key considerations associated with determining whether a severance arrangement is exempt from Section 409A of the Internal Revenue Code or is required to comply with it. Section 409A is complex and is advisable to confirm any determinations with legal counsel.
The Swedish parliament passed a bill which implements the EU directive (2019/1152) on Transparent and Predictable Working Conditions. This directive was introduced with the objective of raising employment standards throughout the EU with more transparent and predictable conditions of work. Based on these changes you should update your employment contract templates and also your HR guidelines where relevant.
All employers operating in the EU are likely to be required to make changes to their current arrangements to take account of the requirements of the EU Directive on transparent and predictable working conditions. Effects may also be seen beyond the EU, where multi-national employers seek to “level-up” their arrangements.
The Sick Leave Act 2022 (the “Act”) which provides for a statutory sick pay scheme for employees was signed into law by the Irish President on the 20 July 2022.
This briefing highlights some emerging legal risks associated with hybrid working and considers how employers should plan going forward.